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The U.S. Cigarette industry has negotiated with congress and govt. agencies to settle liability claims against it. Cigarette companies will make fixed annual payments to the government based on historical market shares.
A manufacturer estimates its marginal cost at $1.00 per pack.
Its own price elasticity at -2, and sets its price at $2.00.
The company's settlement obligations are expected to raise its average total cost per pack by about $60. What effect will this have on its optimal price?
The average consumer income is $20,000, and the price of the related good is $1.10. Compute the predicted quantity demanded of X at these prices and income.
Support your answer amid an illustration which shown market equilibrium for chocolate bars which comprise x and y interrupts of the curves and label them accordingly.
In 2012, Balnur taught music and earned $20,000. She also earned $4,000 by renting out her basement. On January 1, 2013, she quit teaching, stopped renting out her basement, and began to use it as the office for her new Web site design business.
What adverse effects on the domestic economy may follow from (a) a depreciation of the exchange rate and (b) an appreciation of the exchange rate.
The law of diminishing returns applies to which of the subsequent segments of the marginal product of labour curve.
Illustrate what would it raise more money than today, less money, or the same amount of money.
Illustrate what is currently occurring to the supply also demand for labor also its effects on wages, union membership, also other labor force related topics.
Exportof goods and services to foreigners is $1 million and import of goods and services from foreigners is $1.5 million.
Compute the resulting dead weight loss (DWL) inefficiency from the monopolistic optimal outcome.
Illustrate what are some of the downside risks also potential problems involved when using fiscal policy.
Illustrate what "alternative procedures" or unorthodox methods can be used to get around steps in the traditional process, especially for priority or controversial bills.
Suppose V=$0, what is Jim's labor supply function now. Draw his labor supply curve. Illustrate what happened to his wage and substitution effects.
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